Cemtrex to Acquire Invocon for $7.06 Million
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Cemtrex (CETX) announced its agreement to acquire Invocon, a Texas-based aerospace and defense engineering firm, for $7.06 million. The acquisition is expected to close around January 1, 2026, pending customary conditions. Post-acquisition, Cemtrex plans to establish a new Aerospace & Defense segment to expand into advanced engineering for U.S. government and commercial-space sectors. Cemtrex's shares fell nearly 20% following the announcement.
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